This property looks like a bad Long-Term investment with a projected -7.2% first-year return on $63,861 initial cash invested.
-7.2%
Cash On Cash
5.06%
Cap Rate
0.82
DSCR
$1,877
Rent
-$383
Cashflow
Cash Flow
$1,877 income − $2,260 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$304k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,861
Downpayment
20%
$60,820
Closing costs
1%
$3,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,877
Total Expenses
$2,260
Mortgage P&I
84%
$1,571
Property Taxes
5%
$93
Home Insurance
6%
$107
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0